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...almost 40 years, the aircraft carrier Clemenceau plied the world's seas as the flag bearer of the French navy, deploying off troubled coasts from Djibouti in 1974 to Yugoslavia in 1993. Last week the decommissioned 26,000-ton giant - stripped of guns and under an assumed name - was stalled on what the French had hoped would be its last journey, bound for the world's biggest shipbreaking yards on the beaches of Alang in western India. The ship, which is riddled with potentially toxic asbestos and has already been rejected by Greece and Turkey, made no headway for several...

Author: /time Magazine | Title: Troubled Waters | 1/22/2006 | See Source »

...labor laws." Explosions are common as oil residues often remain in the vessels, and workers are ill-equipped, without proper tools or protective clothing. But with an insatiable demand for steel in Asia's booming economies, scrap prices have soared. Scrap now sells as high as $400 a ton in India, compared to roughly $150 a ton in Europe. "In Denmark you almost have to pay to get rid of a ship; in India they have a meaningful value," says Melchiors. He would like the imo to focus on forcing the shipbreaking yards to accept a higher standard of worker...

Author: /time Magazine | Title: Troubled Waters | 1/22/2006 | See Source »

...with its Explorer model and just kept making them bigger. Meanwhile, the Japanese started making good SUVs too, and the competition made the profit margins shrink. When the price of gas soared, SUV sales tanked, and the U.S. companies were caught without money spinners. Ford stopped making the four-ton Excursion, which had been criticized as a gas-hungry dreadnought. GM's solution, "employee pricing" for everyone, gave away the store. Ford had to match...

Author: /time Magazine | Title: Can This Man Save The American Auto Industry? | 1/22/2006 | See Source »

...then go to rehab, write a book about it, inspire millions of readers and make a ton of money...

Author: /time Magazine | Title: The Trouble With Memoirs | 1/15/2006 | See Source »

...drunk and high on crack at the time? Did he jump the curb, bump a cop with his car, and then get dragged out screaming and beaten up by the police? Did he then go to rehab, write a book about it, inspire millions of readers and make a ton of money...

Author: /time Magazine | Title: Prose and Cons | 1/12/2006 | See Source »

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